History
The airline was established on 17 March 1967 under the name Air Volta. It was originally part owned by the Burkinabé government, part by Air France and part privately held. After the demise of Air Afrique, the state of Burkina Faso on 21 February 2001 privatised Air Burkina, transferring 56% of the shares to the AKFED / IPS consortium (part of the Aga Khan Development Network).
It purchased its first aircraft, an Embraer EMB-110 Bandeirante, in 1978, and added a second, a Fokker F28, in 1983. The airline has had serious debt problems, reaching a deficit of one billion CFA francs in 1992 (approx. € 1,500,000). However, by the time of privatization in 2001, the debt had largely been alleviated and the company was predicting an annual revenue of around 3.5 billion CFA francs (more than € 5,000,000). The company saw a general strike in 2002, when workers demanded a 25% wage increase. In the resulting conflict, the director-general of Air Burkina was forced to resign. The company works closely with Air Mali of Bamako, and codeshares with that airline on many routes.
Read more about this topic: Air Burkina
Famous quotes containing the word history:
“The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.”
—Gilbert Keith Chesterton (1874–1936)
“There has never been in history another such culture as the Western civilization M a culture which has practiced the belief that the physical and social environment of man is subject to rational manipulation and that history is subject to the will and action of man; whereas central to the traditional cultures of the rivals of Western civilization, those of Africa and Asia, is a belief that it is environment that dominates man.”
—Ishmael Reed (b. 1938)
“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)